Cashmere AI

Cashmere AI, founded by Farbod Nowzad and Eshan Govil, is a fintech company that has developed an AI-powered platform to streamline client acquisition for wealth management firms. Govil, the CTO, has a background in computational neuroscience from Caltech and previously worked as a machine learning engineer at Goldman Sachs, bringing a wealth of technical expertise to the company. Nowzad, the CEO, complements this with his vision for the company's strategic direction.

The company's core offering is a sophisticated platform that assists financial advisors in identifying and engaging with high-net-worth individuals. It achieves this by aggregating and analyzing vast amounts of data from public and proprietary sources, allowing for the identification of qualified prospects that are actively seeking financial advice. The platform also automates the initial outreach and follow-up processes, saving advisors significant time and effort.

Cashmere AI operates on a B2B model, catering to wealth management firms of all sizes, from large enterprises to individual advisors. The platform is designed to integrate seamlessly with existing workflows and CRM systems. The company generates revenue through a subscription-based model, offering different tiers of service based on the number of users and the level of access to advanced features. In a significant milestone, Cashmere AI recently secured $3.6 million in a seed funding round, which will be used to further develop the platform and expand its market reach.

Keywords: wealth management, client acquisition, lead generation, financial advisors, AI platform, data aggregation, automated outreach, prospect engagement, fintech, B2B